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Texas oil lease

Producing

VALENCE

Valence is an oil lease in Midland County, Texas, operated by Oxyrock Operating, LLC in the Spraberry (Trend Area) R 40 Exc field.

3 wells

13,272bbl oil, last 12 months−51% vs prior year
Operator
Oxyrock Operating, LLC
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-55544

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
684,020 mcf
Oil in Jul 2026
780 bbl

Production by month

Oil output fell 51% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for VALENCE, Aug 2023 to Jul 2026. Oil output fell 51% over the last 12 months. 13,272 bbl in the 12 months through Jul 2026, against 26,941 bbl in the 12 months before.Last 12 months: 13,272 bblbbl per monthmcf per month001,00020k2,00040k3,00060k4,00080k5,000100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for VALENCE, Aug 2023 to Jul 2026. Oil output fell 51% over the last 12 months. 13,272 bbl in the 12 months through Jul 2026, against 26,941 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00020k2,00040k3,00060k4,00080k5,000100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.6% of the gas in Nov 2023.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of VALENCE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.6% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of VALENCE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.6% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Flared 4.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 683,983 mcf

  • Flared (4)

    0.0% · 37 mcf

Who has run this lease

The operator changed once, most recently in Aug 2024

Operators of this lease over timeCrownquest Operating, LLC, Apr 2021 to Jul 2024; Oxyrock Operating, LLC, Aug 2024 to Jul 202620222023202420252026Changed Aug 2024Crownquest Operating, LLCApr 2021 to Jul 2024Oxyrock Operating, LLCAug 2024 to now
Operators of this lease over timeCrownquest Operating, LLC, Apr 2021 to Jul 2024; Oxyrock Operating, LLC, Aug 2024 to Jul 202620222023202420252026Changed Aug 2024Crownquest Operating, LLCApr 2021 to Jul 2024Oxyrock Operating, LLCAug 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on VALENCE
API numberWell no.Status
42-329-439417HBActive
42-329-439458HAActive
42-329-4394710BBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Oct 1, 2023–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers50Mar 13, 2020Oct 1, 2023
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers50Apr 26, 2023Oct 1, 2023
Energy Transfer CompanyCasinghead gasBuys50Mar 13, 2020Oct 1, 2023
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys50Apr 26, 2023Oct 1, 2023
Nustar Permian Trans and Stg,llcOilGathers50Mar 13, 2020Oct 1, 2023
Shell Trading (Us) CompanyOilGathers50Mar 13, 2020Oct 1, 2023

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

322.30 acres on the newest permit

An allocation well is on this lease

Permits for Valence
API numberWell no.Acreson the permit
42-329-439458HA322.30
42-329-4394710BB322.30
42-329-439417HB322.30

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for VALENCE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Oxyrock Operating,78076046,03546,0350$80.46$2.89
Jun 2026Oxyrock Operating,85693362,22962,2290$84.81$3.15
May 2026Oxyrock Operating,1,0681,19864,15664,1560$102.13$2.94
Apr 2026Oxyrock Operating,77997951,63051,6300$100.32$2.77
Mar 2026Oxyrock Operating,1,18393857,60557,56837$91.38$3.04
Feb 2026Oxyrock Operating,1,1091,13046,17346,1730$64.51$3.62
Jan 2026Oxyrock Operating,1,02187153,56153,5610$60.04$7.72
Dec 2025Oxyrock Operating,1,4441,40059,32559,3250$57.97$4.26
Nov 2025Oxyrock Operating,1,2771,28861,89461,8940$60.06$3.79
Oct 2025Oxyrock Operating,1,4031,38266,87266,8720$60.89$3.19
Sep 2025Oxyrock Operating,1,1181,11759,64359,6430$63.96$2.97
Aug 2025Oxyrock Operating,1,2341,28054,89754,8970$64.86$2.91
Jul 2025Oxyrock Operating,1,5341,53459,69059,6900$68.39$3.20
Jun 2025Oxyrock Operating,1,7201,73663,45063,4500$68.17$3.02
May 2025Oxyrock Operating,1,8841,85263,30663,3060$62.17$3.12
Apr 2025Oxyrock Operating,1,9261,93664,70864,7080$63.54$3.42
Mar 2025Oxyrock Operating,1,8921,90968,57668,5760$68.24$4.12
Feb 2025Oxyrock Operating,1,9001,93060,59860,5980$71.53$4.19
Jan 2025Oxyrock Operating,1,7561,67964,22064,2200$75.74$4.13
Dec 2024Oxyrock Operating,2,5292,52275,21975,2190$70.12$3.01
Nov 2024Oxyrock Operating,2,7062,69377,28876,615673$69.95$2.12
Oct 2024Oxyrock Operating,2,9882,89467,50167,5010$71.99$2.20
Sep 2024Oxyrock Operating,2,9823,02660,42460,4240$70.24$2.28
Aug 2024Oxyrock Operating,3,1243,13555,45255,4520$76.68$1.99
Jul 2024Crownquest Operating,3,6333,58644,84544,644201$81.80$2.07
Jun 2024Crownquest Operating,3,5613,56539,09739,0970$79.77$2.54
May 2024Crownquest Operating,3,0663,05836,46436,4640$80.02$2.12
Apr 2024Crownquest Operating,3,4703,47936,22136,2210$85.35$1.60
Mar 2024Crownquest Operating,4,9744,96137,86637,8660$81.28$1.49
Feb 2024Crownquest Operating,4,5524,81533,20633,2060$77.25$1.72
Jan 2024Crownquest Operating,3,2263,04521,04921,0490$74.15$3.18
Dec 2023Crownquest Operating,2,2322,25912,59212,5920$71.90$2.52
Nov 2023Crownquest Operating,52648154251725$77.69$2.71
Oct 2023Crownquest Operating,1,5991,55422,27722,2770$85.64$2.98
Sep 2023Crownquest Operating,4,7624,82263,65963,6590$89.43$2.64
Aug 2023Crownquest Operating,4,4374,42167,40367,4030$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorOxyrock Operating, LLCFieldSpraberry (Trend Area) R 40 ExcCountyMidland County

Oxyrock Operating, LLC in Midland County

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Spraberry (Trend Area) R 40 Exc field

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